Statewide
Reports for 2000
Financial
Standards Measures
Minnesota State Colleges and Universities
Farm Business Management
(Farms Sorted By Net Farm Income)
| Avg. Of | ||||||
| All Farms | Low 20% | 20 - 40% | 40 - 60% | 60 - 80% | High 20% | |
| Number of farms | 2293 | 458 | 459 | 458 | 459 | 459 |
| Liquidity | ||||||
| Current ratio | 1.55 | 0.95 | 1.25 | 1.41 | 1.55 | 1.97 |
| Working capital | 62,836 | -4,277 | 17,337 | 38,137 | 66,696 | 196,085 |
| Solvency (market) | ||||||
| Farm debt to asset ratio | 51 % | 60 % | 54 % | 52 % | 50 % | 47 % |
| Farm equity to asset ratio | 49 % | 40 % | 46 % | 48 % | 50 % | 53 % |
| Farm debt to equity ratio | 104 % | 149 % | 120 % | 107 % | 99 % | 89 % |
| Profitability (cost) | ||||||
| Rate of return on farm assets | 8.9 % | -1.7 % | 4.8 % | 7.9 % | 10.1 % | 13.9 % |
| Rate of return on farm equity | 10.6 % | -19.4 % | -0.1 % | 8.3 % | 12.9 % | 19.7 % |
| Operating profit margin | 19.9 % | -5.3 % | 11.3 % | 18.8 % | 21.5 % | 27.7 % |
| Net farm income | 56,283 | -11,854 | 18,860 | 40,326 | 68,924 | 164,000 |
| Repayment Capacity | ||||||
| Term debt coverage ratio | 164 % | 61 % | 114 % | 138 % | 171 % | 249 % |
| Capital replacement margin | 28,639 | -14,337 | 4,585 | 14,152 | 32,740 | 105,929 |
| Efficiency | ||||||
| Asset turnover rate (cost) | 44.9 % | 33.1 % | 42.1 % | 42.3 % | 46.9 % | 50.1 % |
| Operating expense ratio | 70.1 % | 83.9 % | 73.1 % | 69.6 % | 68.7 % | 66.6 % |
| Depreciation expense ratio | 6.0 % | 10.8 % | 7.3 % | 5.9 % | 5.5 % | 4.7 % |
| Interest expense ratio | 7.5 % | 11.8 % | 9.7 % | 8.5 % | 7.0 % | 5.6 % |
| Net farm income ratio | 16.5 % | -6.5 % | 9.9 % | 15.9 % | 18.8 % | 23.1 % |
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